AC Milan have held discussions with Rafael Leao’s entourage and have reportedly communicated terms for a potential move, according to multiple reports. The discussions are described as part of Milan’s planning around Leao’s possible exit, with the club indicating a transfer valuation range of €60–70 million. One report states that the fee could be structured through different deal formats, including a loan arrangement with an obligation to buy. The reports also link the negotiations to interest from Premier League clubs, naming Tottenham Hotspur and Manchester United as potential destinations. While the outlets provide similar figures for Milan’s asking price and mention possible structuring options, they do not confirm that any agreement has been reached or that talks with specific clubs have advanced beyond the reported discussions. The situation therefore remains at the reporting stage, with Milan’s reported valuation and deal structure under discussion as Leao’s future is considered.